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The second person, a former housing industry executive intimately familiar with of Fannie Mae's operations, agreed that Donilon was at the head of an unceasing anti-regulatory campaign that the company waged throughout his tenure. The former housing executive said that on political issues, especially regulatory oversight, Donilon was the right-hand man to Fannie Mae chairman and CEO Franklin Raines.

I wrote a few weeks ago that The only lower price than today’s closing price on a ton of carbon is ZERO. That’s true now more than ever. See the chart below from yesterday’s close of the Chicago Climate Exchange: [snip] And it’s still crashing. Last week the Chicago Climate Exchange (CCX) announced that they were scrapping the existing carbon trading program, and focusing on a new one that deals with directly sold carbon offsets rather than open trading.

The Chicago Climate Exchange is shutting down at the end of the year. Nobody’s buying carbon credits. Right now, days go by when not a single trade is done. When trades are done, carbon dioxide sells for just five cents a ton. It’s over.

Climate Fraud: As the case for global warming and cap-and-trade has collapsed, so too has the market that was to exploit this manufactured crisis for fun and profit. The climate-change bubble has burst. Lost in the hubbub leading up to the Republican and Tea Party tsunami on Nov. 2 was the collapse of the Chicago Climate Exchange (CCX). But its implications for the future of the American economy and the business climate are staggering: It is an acknowledgment that both the case for climate trade and cap-and-tax legislation has also collapsed. On Oct. 21 the exchange announced it was ending...

OAKLAND, CA — A tough political atmosphere in which Congress backed away from comprehensive clean energy and climate change legislation may have been the nail in the coffin for one of the voluntary carbon market's early pioneers.The Chicago Climate Exchange (CCX) will discontinue its voluntary greenhouse gas cap-and-trade program next month, according to Intercontinental Exchange Inc., its parent company. In its place, CCX will launch a new registry program for 2011 and 2012 carbon offsets.The development marks a stark contrast from two years ago when many considered climate change legislation in the U.S. to be inevitable."Fundamentally with any program that...

<p>George Soros, Al Gore, Warren Buffet, Maurice StrongThe Democrat-loving mainstream media is missing the boat on Warren Buffet’s take of America’s economic meltdown as …”a sort of economic Pearl Harbor we’re going through.”</p> <p>That being the case, then surely the first question should be: “Who is attacking the U.S.?”</p>

Scandal: Obama, Gore, Goldman, Joyce Foundation CCX partners to fleece USA April 27, 2:53 PMOrange County Conservative ExaminerGregory DailPrevious 2 comments Subscribe Subscribe Get alerts when there is a new article from the Orange County Conservative Examiner. Read Examiner.com's terms of use. Email Address Include other special offers from Examiner.com Terms of Use ShareThis IMage credit-Wikipedia Glenn Beck breaks the biggest corruption story of the century yesterday and it doesn’t appear on a Front Page anywhere. Beck points the way to the 15 Trillion dollar scam that has some amazing players. (See full transcript here) First Glenn makes and astute...

The CCX was the topic of thousands of MSM articles over the years, but not a single article reported their recent demise. Hmmm. Global warming-inspired cap and trade has been one of the most stridently debated public policy controversies of the past 15 years. But it is dying a quiet death. In a little reported move, the Chicago Climate Exchange (CCX) announced on Oct. 21 that it will be ending carbon trading — the only purpose for which it was founded — this year.Although the trading in carbon emissions credits was voluntary, the CCX was intended to be the hub...

Taxes: While the oil and gas companies are bearing the brunt of taxation, regulation and environmental angst, others are doing just fine, thank you. If you think cap-and-trade is dead, just follow the money. According to a recently released Center for Responsive Politics review of reports filed with the U.S. Senate and U.S. House, General Electric and its subsidiaries spent more than $9.5 million on federal lobbying from April to June — the most it's spent on lobbying since President Obama has been in office. Why? As the fight over cap-and-trade grows, so does lobbying. Since January, GE and its...

This past weekend, while addressing the Netroots convention in Las Vegas, Senator Harry Reid gave the gathering of lefties a promise regarding U.S. health care. "We're going to have a public option," Reid said. "It's just a question of when." The same thing can be said of a cap-and-trade energy bill: the Democrats are determined to get cap-and-trade. It's just a question of when. There's too much money to be made for Democrat cronies to let this opportunity pass. Nancy Pelosi pushed the original 1,200-page cap-and-trade bill though the House of Representatives a year ago. I have written extensively about...

Canadian mogul and avowed socialist Maurice Strong manipulates governments to benefit his "green" portfolio and those of his friends: George Soros, Ted Turner, Al Gore, and China. Intercontinental Exchange has agreed to purchase the parent company of the Chicago Climate Exchange, the preeminent market for trading carbon credits. This is a market that exists solely to capitalize on possible federal legislation that would mandate reduced greenhouse gas emissions or the purchase of “pollution credits.” Politicians created this market out of thin air by fiat, and not surprisingly, cronies of these politicians will be the beneficiaries. These climate change profiteers include...

“The carbon trading system being pushed here has spawned crime and fraud across the pond. Cap-and-trade is not about saving the planet. It’s about money and power, and absolute power corrupting absolutely.” We’ve written much about the organized crime syndicate that is the Obama regime. It’s bad enough that Obama is a radical Marxist, hell bent on the destruction of society as we know it, the fact that he is also a money and power hungry crook is just icing on cake. In what we call The Greatest Swindle In Human History ©, we lay out what we feel is...

Corruption: The carbon trading system being pushed here has spawned crime and fraud across the pond. Cap-and-trade is not about saving the planet. It's about money and power, and absolute power corrupting absolutely. All across Europe authorities have been conducting raids, rounding up individuals involved in a new version of Climate-gate. This time the data aren't corrupted. Europe's Emissions Trading System is. The system is so sick, it's turned out to be a scam built upon a scam. Twenty-five people have been arrested in raids by British and German authorities as part of a pan-European crackdown on carbon credit VAT...

Al Gore’s purchase of a near nine million dollar Montecito mansion with an almost comical carbon footprint (nine bathrooms!) probably means that he has given up on the global warming movement and decided to become a Hollywood producer (not that he ever made much of a distinction between two). Montecito is where the creme of the Hollywood creme go when Beverly Hills gets too crowded and nouveau riche. Among others, Michael Douglas, Kevin Costner, Christopher Lloyd, Dennis Franz and Oprah have homes there – and they don’t even have Nobel Prizes. (Douglas and Costner do have Oscars though.) No word...

The Chicago Climate Exchange (CCX) received its seed money from the Joyce Foundation. Barack Obama sat on the board of directors for the Joyce Foundation as well as Valerie Jarrett. The money went to a firm owned Richard Sandor who knew Obama well during Obama's time on the board. Sandor estimates the climate trading market to be $10 trillion dollars per year. The massive money attracted London-based Generation Investment Management (GIM) to purchase a large stake in CCX. GIM was founded by Al Gore as well as David Blood, Mark Ferguson and Peter Harris all from Goldman Sachs. GIM is...

Futures exchange group Intercontinental Exchange Inc. said it agreed to buy Climate Exchange for 395 million pounds ($606.7 million) to create a single trading platform for environmental contracts worldwide. Shareholders in Climate Exchange, the operator of the European, Chicago and Chicago Futures carbon emissions exchanges, will receive 750 pence a share in cash, representing a 57 percent premium on Thursday's closing price, ICE said in a statement on Friday. Climate Exchange was founded by Richard Sandor, a longtime futures industry executive in Chicago.

Cap-And-Trade: While senators froth over Goldman Sachs and derivatives, a climate trading scheme being run out of the Chicago Climate Exchange would make Bernie Madoff blush. Its trail leads to the White House. Lost in the recent headlines was Al Gore's appearance Monday in Denver at the annual meeting of the Council of Foundations, an association of the nation's philanthropic leaders. "Time's running out (on climate change)," Gore told them. "We have to get our act together. You have a unique role in getting our act together." Gore was right that foundations will play a key role in keeping the...

YOU WILL NEVER GUESS WHO WAS A GUEST AT OBAMA’s FIRST STATE DINNER….. Mr. Ratan Tata [The chairman of the Tata Group - India's biggest conglomerate] A story emerging out of Britain suggests “follow the money” may explain the enthusiasm of the United Nations to pursue caps on carbon emissions, despite doubts surfacing in the scientific community about the validity of the underlying global warming hypothesis. A Mumbai-based Indian multinational conglomerate with business ties to Rajendra K. Pachauri, the chairman since 2002 of the U.N. Intergovernmental Panel on Climate Change, or IPCC, stands to make several hundred million dollars in...

Copenhagen climate change talks must fail, says top scientistExclusive: World's leading climate change expert says summit talks so flawed that deal would be a disaster Suzanne Goldenberg, US environment correspondent guardian.co.uk, Wednesday 2 December 2009 20.54 GMT The scientist who convinced the world to take notice of the looming danger of global warming says it would be better for the planet and for future generations if next week's Copenhagen climate change summit ended in collapse. In an interview with the Guardian, James Hansen, the world's pre-eminent climate scientist, said any agreement likely to emerge from the negotiations would be so...

While on the board of a Chicago-based charity, Barack Obama helped fund a carbon trading exchange that will likely play a critical role in the cap-and-trade carbon reduction program he is now trying to push through Congress as president. In 2000 and 2001, while Barack Obama served as a board member for a Chicago-based charitable foundation, he helped to fund a pioneering carbon trading exchange that is likely to fill a critical role in the controversial cap-and-trade carbon reduction scheme that President Obama is now trying to push rapidly through Congress. During those two years, the Joyce Foundation gave nearly...